The Institute of Australian Accountants released a survey on the Hong Kong economic and business outlook for 2025, finding that respondents in this survey are generally optimistic about the performance of the new stock market in Hong Kong next year, with 63% of respondents expecting the total IPO fundraising in Hong Kong in 2025 to increase. Yip Wan Kai, President of the Greater China Branch of the Australian Institute of Accountants in 2024, pointed out that since the third quarter of this year, many large enterprises have successively listed in Hong Kong, showing signs of recovery in the market. At the same time, reforms in policies and regulations have also helped stimulate capital activities and boost investor confidence.
Lu Zhi-Hung, Regional Director for the Greater China Region of the Australian Institute of Accountants, predicts that the IPO fundraising amount in Hong Kong this year could reach about 90 billion to nearly 100 billion Hong Kong dollars, and is forecasted to reach between 100 billion to 120 billion Hong Kong dollars next year, believing that it will continue to focus on technology companies due to valuation advantages. The Institute recommends that authorities and regulatory institutions accelerate the implementation of the "New Stock Connect," allowing mainland investors to subscribe to new stocks issued in Hong Kong, injecting vitality into the new stock market.
The Institute conducted a survey from October to November this year, interviewing a total of 568 senior executives of Hong Kong companies, accountants, and financial market professionals.